Julius Baer has begun a trial of MarketAxess’ order & execution workflow solution, Axess IQ.
Axess IQ aims to improve liquidity discovery, execution efficiency and alpha generation across firms with large numbers of individual client orders.
Furthermore, the connectivity of Axess IQ and the MarketAxess trading network allows clients to access global fixed income market liquidity with added order management and automation capabilities.
Services within Axess IQ include:
- Liquidity and pricing data aggregation;
- OMS integration and optimised execution efficiency. This includes integration to Auto-X automated trading solutions and the all-to-all Open Trading marketplace, and
- Support for trading a range of diverse credit products such as US Investment Grade, US High Yield, and Emerging Market hard currency debt.
Stefan Rosskopf, head of fixed income advisory and execution at Julius Baer, said: “Our focus on service orientation and best execution are the pillars of our success at Julius Baer. At a trade execution level, that means ensuring the highest level of operational efficiency, counterparty selection and price discovery for the client. It also means efficiently managing order flow through more automated processes so that our traders can focus on bigger sized or less liquid trades, which many times need special attention or manual intervention.
“Efficiency means being able to assess and access liquidity across the broadest possible range of credit products and markets, as well as supporting the trader in the counterparty selection. We’ve been very pleased with the success of the Axess IQ pilot so far and look forward to working with MarketAxess further as new functionality and products are added.”
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By GlobalDataChristophe Roupie, head of EMEA and APAC with MarketAxess, added: “Execution desks at wealth managers and private banks have very specific needs when it comes to their execution workflow. Working with Julius Baer to deliver the Axess IQ pilot has been an ideal partnership – marrying the sophistication of Julius Baer’s global private banking team with MarketAxess’ leading technology and market data to create the right, tailored solution to those needs. We’re excited about what this launch heralds as we roll out new Axess IQ technology to more clients in 2020.”
Axess IQ will be made available to additional clients after the trial.